Evolution Petroleum (NYSEAMERICAN:EPM) Upgraded by Northland Securities to “Outperform” Rating

Evolution Petroleum (NYSEAMERICAN:EPM) was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Friday, MarketBeat reports. The brokerage presently has a $4.00 price objective on the energy company’s stock. Northland Securities’ price objective would indicate a potential upside of 11.73% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Freedom Capital downgraded Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Zacks Research cut Evolution Petroleum from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.77.

Evolution Petroleum Stock Performance

EPM stock opened at $3.58 on Friday. The company has a 50 day moving average price of $3.70 and a 200 day moving average price of $4.19. Evolution Petroleum has a fifty-two week low of $3.19 and a fifty-two week high of $5.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $128.70 million, a PE ratio of -32.55 and a beta of 0.25.

Hedge Funds Weigh In On Evolution Petroleum

A number of hedge funds and other institutional investors have recently bought and sold shares of EPM. WealthTrust Axiom LLC grew its holdings in Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock worth $6,898,000 after acquiring an additional 166,624 shares during the period. Virtu Financial LLC acquired a new position in shares of Evolution Petroleum in the 4th quarter valued at $66,000. Occudo Quantitative Strategies LP acquired a new position in shares of Evolution Petroleum in the 4th quarter valued at $65,000. Engineers Gate Manager LP bought a new position in shares of Evolution Petroleum in the 4th quarter worth $52,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Evolution Petroleum by 163.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after purchasing an additional 5,083 shares during the last quarter. 60.07% of the stock is owned by institutional investors.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.